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eMagin Corp. Message Board

  • schatzman schatzman Apr 24, 2013 5:26 PM Flag

    "Up to 11,646,723 shares"

    The Offering

    Common stock offered by selling stockholders

    Up to 11,646,723 shares, consisting of the following:


    ·
    up to 1,000,000 shares of common stock issuable upon the exercise of common stock purchase warrants at an exercise price of $1.03 per share and 663,294 shares of common stock issued upon the cashless exercise of common stock purchase warrants*;


    ·
    1,000,000 shares of common stock issued upon the exercise of common stock purchase warrants at an exercise price of $0.48 per share**;


    ·
    1,438,096 shares of common stock, consisting of (i) 1,428,572 shares issued upon conversion of the note (“Stillwater Note”) issued to Stillwater Holdings LLC (f/k/a Stillwater LLC) (“Stillwater”) representing $500,000 of the principal amount of the Stillwater Note and (ii) 9,524 shares issued for accrued and unpaid interest under the Stillwater Note***; and


    ·
    up to 7,545,333 shares of common stock issuable upon the conversion of Series B Convertible Preferred Stock.

    Common Stock to be outstanding after the offering

    32,232,529 shares assuming the full exercise of the warrants and full conversion of Series B Convertible Preferred Stock underlying shares which are included in this prospectus.****

    Use of Proceeds

    We will not receive any proceeds from the sale of the common stock; however, we will receive proceeds from the exercise of our warrants.

    NYSE MKT LLC Symbol

    EMAN

    *
    On April 14, 2010, Stillwater elected to exercise 875,467 of its common stock purchase warrants on a cashless basis and received 663,294 shares of common stock.
    **
    On July 18, 2011, Stillwater elected to exercise its common stock purchase warrants at an exercise price of $0.48 per share and received 1,000,000 shares of common stock.
    ***
    On July, 23 2007, Stillwater elected to convert $252,166.50 of the Stillwater Note, then outstanding, representing $250,000 of the principal amount of the Note due on July 23, 2007 and $2,166.50

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    • Well if that offering were ever to be executed perhaps the PPS will go up 10% on the day of the day of the filing.
      Just like MVIS is today after the warrants they just issued.

    • I noticed in that filing they plan to add 3.5m in manufacturing equipment/ upgrades for 2013.
      They say this is to meet expected demand in commercial market (the holy grail)
      :)

      • 1 Reply to zeroletdown
      • as mentioned in the last CC ... equipment purchases are planned for this year ... they will have
        to upgrade and increase capacity of other tooling to support the SNUP .. i would also assume that
        new , better test equipment is needed .... a good question at this juncture would be " does the
        new sealing machine have capacity to support the SNUP numbers " they may also be
        considering bringing some of the wafer prep work in house at some time ...

        in a way , i wish that i was still at IBM and sneak into the mfg floor and see what's what , along
        with some commentary from line workers .... g

 
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